Orava Asuntorahasto Oyj
ORAVA RESIDENTIAL REIT SPECIFIES THE FINANCIAL RESULT ESTIMATE FOR THE FOURTH QUARTER
Orava Asuinkiinteistörahasto Oyj 23.01.2015 15:15 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Orava Residential Real Estate Investment Trust plc STOCK EXCHANGE RELEASE 23 January 2015 at 4:15 pm ORAVA RESIDENTIAL REIT SPECIFIES THE FINANCIAL RESULT ESTIMATE FOR THE FOURTH QUARTER Orava Residential REIT estimated in its interim report for the third quarter published on 7 November 2014 that the financial result for the fourth quarter is expected to remain weaker than that for the third quarter. The comprehensive profit for the third quarter was EUR 1.9 million. The company's further specified estimate of the result for the fourth quarter is EUR 1.7-2.3 million. The change to the earlier estimate is primarily due to the impact on the result of acquisitions, which is higher than previously anticipated, along with a lower performance-based management fee. The rental income, the change in the value of apartments owned for the entire quarter, and the maintenance and repair costs are not estimated to have deviated significantly from the previous guidance. Orava Residential Real Estate Investment Trust plc Board of Directors Additional information Pekka Peiponen, CEO, telephone +358 (0)10 420 3104 Veli Matti Salmenkylä, CFO, telephone +358 (0)10 420 3102 http://www.oravaasuntorahasto.fi/ News Source: NASDAQ OMX 23.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Orava Asuinkiinteistörahasto Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI4000068614 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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